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Nov 12, 2012
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coal and energy sectors. caterpillar down better than 11% over the past year as you see right there. jim, what do you think? agree? disagree? >> i disagree. normally i get down on these analysts because i think they look too much the minutia of a company and minneapolis the macro themes. i like his methodology, starting right at the top, politic and policy because those are the big drivers and movers of stocks over the last five years. the thing i don't like about downgrading cat, there have been some decent numbers out of china. if we think we're going to come to some agreement on fiscal cliff, the broad market with rally. cat would become a proxy. >> so disagree with jpmorgan there. brave man. "limited upside brings us back to a hold on valuation ground." the stock has had a modest jump of 8% over the past six months. >> i'm long j&j and am going to hold it like they say. that 3.51% yield is nice particularly when they're -- when the government's compressing yields along the treasury curve and the perceptio
coal and energy sectors. caterpillar down better than 11% over the past year as you see right there. jim, what do you think? agree? disagree? >> i disagree. normally i get down on these analysts because i think they look too much the minutia of a company and minneapolis the macro themes. i like his methodology, starting right at the top, politic and policy because those are the big drivers and movers of stocks over the last five years. the thing i don't like about downgrading cat, there...
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Nov 12, 2012
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it's an energy security or national security issue. being self-sufficient n control of our own destiny has a lot of value. so, you don't want to be married to saudi arabia and worried about the middle east and nigeria and syria and all over the world. i don't agree oil will be an $80 or $85 commodity. i predict $125 for brent crude by 2035. delta of maybe $18 to $20. wti trading north of $100. that makes a lot of economic incentive to keep on drilling. but i think what it also keeps is $3.50 gasoline price. a lot of folks ask me, when is $2 gas coming back? i don't think it is. what we haven't talked a lot about is natural gas and the impact natural gas can have, in addition to be sufficient on oil production, natural gas the supply glut we have, we can displace coal, tuesday for transportation, l&g it to asia and europe. it's creating a manufacturing renaissance. we're bringing jobs and companies back to america who want to use natural gas as a feed stock. we're on the right track. the linchpin reallily is access to federal lands and
it's an energy security or national security issue. being self-sufficient n control of our own destiny has a lot of value. so, you don't want to be married to saudi arabia and worried about the middle east and nigeria and syria and all over the world. i don't agree oil will be an $80 or $85 commodity. i predict $125 for brent crude by 2035. delta of maybe $18 to $20. wti trading north of $100. that makes a lot of economic incentive to keep on drilling. but i think what it also keeps is $3.50...
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Nov 12, 2012
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we will be energy independent far faster than the iea thinks it will happen. i think in north america no later than 2020 i think energy independent in the united states. >> having the ability to do it and doing it are different things. >> we are doing it. take a look at what is happening in north dakota. we know it on the desks. we are here on the street. the people in america don't realize what has happened. you have gone from 100,000 barrels to 6,000 barrels this year. north dakota it went past california. it is soon going to go past texas and they rp only getting started. i think they are only just beginning. i think the iea was way too long in the anticipation. >> traders are saying if we get there as quickly as you say that doesn't mean a good story for the u.s. consumer as we are seeing with what is happening with gas prices. until we see new refineries and the infrastructure to go along with the drilling we can produce all the oil we want. >> that's the big question. we need to be an exporter of crude oil because we don't have the refining capabilities.
we will be energy independent far faster than the iea thinks it will happen. i think in north america no later than 2020 i think energy independent in the united states. >> having the ability to do it and doing it are different things. >> we are doing it. take a look at what is happening in north dakota. we know it on the desks. we are here on the street. the people in america don't realize what has happened. you have gone from 100,000 barrels to 6,000 barrels this year. north...
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Nov 12, 2012
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energy landscape. the international energy agency is saying that the u.s. will become the top oil producer in the world by 2020. surpassing saudi arabia, surpassing russia and it's going to do this with the focus that we've had and the growing support of the north american fracking industry. that's really going to help to bring us to that nearly 10 million barrels per day which is what saudi arabia is producing right now. we are looking at these numbers also as an indication that as the u.s. continues to produce more oil and as we continue to consume less oil in our transportation sector with the fuel efficiency standards set in place, it's likely the u.s. will become self-sufficient for oil needs by 2035. that's another prediction by the international energy agency. this is a huge prediction on their part. they haven't made a prediction like this in the past. it has a lot to do with self-sufficiency in the u.s. story coming from environment moves that have been made perhaps under the obama administration as the chief economist pointed out in a press confer
energy landscape. the international energy agency is saying that the u.s. will become the top oil producer in the world by 2020. surpassing saudi arabia, surpassing russia and it's going to do this with the focus that we've had and the growing support of the north american fracking industry. that's really going to help to bring us to that nearly 10 million barrels per day which is what saudi arabia is producing right now. we are looking at these numbers also as an indication that as the u.s....
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Nov 12, 2012
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they own the energy industry. the energy business has been developing natural gas infrastructure very quickly because they've got some certainty. in this country, certainty is hard to come by these days. lots of uncertainty. i think that we're going to see continued kind of ups and downs as people look at should we be investing billions of dollars in infrastructure until the products are there? of course, the automotive guys are going, wow, we can't invest in new product until we see the fuel or the fuel stations. so, yeah, it's a bit of back and forth here. i'm convinced that it's going to be a very robust transition to have natural gas here and in other parts of the world. china is ahead. but we'll catch up. >> all right. the quarter was not good. do you that i link quarter decline will be stemmed by the fact that you have long haul engines coming out in 2013 that might turn the momentum around for the quarterly numbers? >> yeah. i think we're caught a bit because last year third and fourth quarter were great gr
they own the energy industry. the energy business has been developing natural gas infrastructure very quickly because they've got some certainty. in this country, certainty is hard to come by these days. lots of uncertainty. i think that we're going to see continued kind of ups and downs as people look at should we be investing billions of dollars in infrastructure until the products are there? of course, the automotive guys are going, wow, we can't invest in new product until we see the fuel...
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Nov 12, 2012
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this is the international energy agency. so becoming a net exporter. joining us is tom bergen at reuters. if that forecast is right, how does that change the politics of oil? >> good morning, ross. yes, that's a prediction now that a lot of analysts have been making over recent months. so it's a pretty broad view that the u.s. will by the end of the decade potentially become the biggest oil producer in the world. there are also predictions that just factory and other things like energy efficiency, basically cut it reliance on on oil imported from outside from immediate neighbors mexico and canada almost to nothing. and if america is not emporting as much oil as it does currently, perhaps for energy to be such a focal point of its foreign policy won't be so large. and already you have exactly within the oil and gas industry pushing the case for shale on the basis that it would save the country a lot of money on overseas military expenditure. >> if you take in that oil, shale gas together, how much is that revolutionizing the american economy and also th
this is the international energy agency. so becoming a net exporter. joining us is tom bergen at reuters. if that forecast is right, how does that change the politics of oil? >> good morning, ross. yes, that's a prediction now that a lot of analysts have been making over recent months. so it's a pretty broad view that the u.s. will by the end of the decade potentially become the biggest oil producer in the world. there are also predictions that just factory and other things like energy...
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Nov 12, 2012
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see what our world might look like if we had full energy independence. that's next. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> the big energy headline today may be the biggest of the year. iae saying by 2020 america will overtake saudi arabia as the world's biggest oil producer. what does that mean? let's bring president of lipow oil producers. great headline. sounds fantastic. is it going to happen? >> well, there's a good chance it will happen if you look at oil production in the u.s. it's risen quite substantially
see what our world might look like if we had full energy independence. that's next. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you...
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we'll be talking about america's crucial and plentiful energy source. natural gas, fracking, and the environment. each week keep it here where wall street meets main street. have a great week, everybody. see you next weekend.
we'll be talking about america's crucial and plentiful energy source. natural gas, fracking, and the environment. each week keep it here where wall street meets main street. have a great week, everybody. see you next weekend.
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Nov 12, 2012
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we needed more fun and energy, oprah needed to be on more often. oprah came on the network in the beginning of january and we had been on the air already for almost a year. >> she wishes she would have been on from the get-go. >> even if she was, it still would have taken. you have to make your mistakes, your stumbles, learn from it and move forward. when oprah is on own, we're usually a top five network in america, we also have "sweetie pies" a lot of talk characters during the day but the length of view is about 90 minutes so people are spending a lot of time with it. >> that's so important. >> the network is one of the fastest growing cable networks in america. >> that was going to be my question it's a pure cable play which you'd like to have because of the dual revenue stream but it's difficult to be in cable channel play if all your channels stink. if you do, then you have something and it becomes international now, that's what you're doing. >> when i got to discovery we had 13 channels in the u.s. and six channels in 00 countries around the
we needed more fun and energy, oprah needed to be on more often. oprah came on the network in the beginning of january and we had been on the air already for almost a year. >> she wishes she would have been on from the get-go. >> even if she was, it still would have taken. you have to make your mistakes, your stumbles, learn from it and move forward. when oprah is on own, we're usually a top five network in america, we also have "sweetie pies" a lot of talk characters...